Hapag-Lloyd’s profit slumps in line with market development
Hapag-Lloyd’s profit for the first nine months reflects the severe change in the market conditions over the year, with the shipping major posting a net profit of $3.4 billion. This is a $11.2 billion drop...Read more
Hapag-Lloyd goes on about its business, HHLA offer not interesting
German shipping and container transport giant, Hapag-Lloyd has decided to pool its infrastructure holdings in a single entity based in Rotterdam, Hapag-Lloyd Terminal Holding. It is well in line with the comments made by the...Read more
MSC to buy major share in HHLA, but could there be other bids?
Mediterranean Shipping Company (MSC) has agreed to buy a 49.9 per cent stake in the Hamburger Hafen und Logistik Aktiengesellschaft (HHLA). The deal has been agreed with the Free and Hanseatic City of Hamburg, which...Read more
Project cargo for a European gigafactory shipped on a boxship
A production facility for sustainable and high-performance photovoltaic modules is taking shape in the south Italian town of Catania, the largest gigafactory of its kind in Europe. Container carrier Hapag-Lloyd partnered with logistics company Expeditors...Read more
Hapag-Lloyd wraps up J M Baxi P&L share purchase
Hapag-Lloyd said it has completed its acquisition of 40 percent shareholding in J M Baxi Ports & Logistics Limited (JMBPL) previously approved by the relevant antitrust authority.Read more
Hapag-Lloyd buys stake in J M Baxi Ports & Logistics
Hapag-Lloyd has put pen to paper on an agreement to acquire 35 percent of J M Baxi Ports & Logistics from a Bain Capital Private Equity affiliate. Additionally, Hapag-Lloyd AG signed a binding agreement with...Read more
Hapag-Lloyd acquires SM SAAM’s terminal and logistics business for $1 Bn
Shipping major Hapag-Lloyd has splashed $1 billion to acquire SM SAAM’s units, SAAM Ports and SAAM Logistics, and thereby the entire company’s terminal business and associated logistics services. The consideration also includes real estate assets...Read more
Bolloré Logistics and Hapag-Lloyd commit on sustainable maritime transport
Bolloré Logistics and Hapag-Lloyd have signed an agreement promoting the use of marine biofuel and thus contributing to the reduction of their greenhouse gas emissions related to maritime transport.Read more
DHL Global Forwarding partners with Hapag-Lloyd on heavy transport decarbonisation
DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, has signed an agreement with Hapag-Lloyd for the use of advanced biofuels. As an initial step, Hapag-Lloyd will ship 18,000 TEU...Read more
High freight rates lift Hapag-Lloyd’s H1 profit
Germany’s largest shipping company Hapag-Lloyd reported a jump in its net profit for the first six months of the year on the back of rocketing freight rates. The company posted a net profit of €2.7...Read more
Hapag-Lloyd wraps up NileDutch purchase
Hapag-Lloyd has closed the acquisition of the Dutch container shipping company Nile Dutch Investments (NileDutch).Read more